Is 21014, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 21014 has remained a Seller's Market.
Key Takeaway
21014 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 21014, MD
How much do homes in 21014, MD cost?
Median Sold Price
$420,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 21014 have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in 21014 was $420,000 in March 2024, up 10.9% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173.5K | $185K | +6.6% |
| 2 Bedrooms | $233.5K | $240K | +2.8% |
| 3 Bedrooms | $365K | $390K | +6.8% |
| 4 Bedrooms | $499K | $510K | +2.2% |
| 5+ Bedrooms | $555K | $557.5K | 0.5% |
Summary: 21014 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 21014, MD
How many homes are available in 21014, MD?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 116 | +9.4% |
Summary: The 21014 real estate market had 116 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 25 | 23 | -8.0% |
| 3 Bedrooms | 37 | 42 | +13.5% |
| 4 Bedrooms | 35 | 39 | +11.4% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The 21014 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 21014, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 21014 in March 2024, down by 7.4% month-over-month. Of the 25 sold homes, 28% were sold under asking, 24% were sold at asking, and 48% were sold over asking.
Days on Market for 21014, MD
How long does it take to sell a home in 21014, MD?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 9 Days | 37 Days | +294.9% |
Summary: Homes in 21014 had an average of 37 days on market in Mar 2024, up by 294.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 21014 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 21014; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
